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MONDAY AUGUST 06
Spector Out? Remember when Sam Molinaro, CFO of Bear Stearns, said today's bond market conditions are as bad as anything he's seen in more than 20 years? (If not, read the previous article.) Well, speaking of bonds: News wires and services, including Bloomberg, are running with a rumor published by the Wall Street Journal: Bear Stearns is planning on getting rid of Warren Spector, their current head of stock and bond trading. This may come as little surprise to some people, since Bear Stearns managed two hedge funds that both failed last month. The board of Bear Stearns is reportedly set to meet today to discuss the matter. Spector has been on board at Bear Stearns for his entire career; he is also a president, and he holds a seat on the board - something he earned when he was 30. August 2007New User?Sign up to get free access to TraderDaily.com
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